"Lease rates" refer to the amount of money that someone pays periodically to rent or lease a property or asset. It specifies the cost or price of the lease agreement. Full definition
If the property is not 100 % occupied, then a market based rent is used based on lease rates and terms of comparable properties. (financialsamurai.com)
Tired of paying high leasing rates at your current commercial location? (mortgagetalkcanada.ca)